The stock of American Well Corporation (NYSE:AMWL) decreased by $0.0 on Tuesday to finish at $1.29, down 0.00 percent. The last five days have seen an average of 2,025,120 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$1.5400. The average number of shares traded over the last 20 days was 1,493,720, while the average volume over the last 50 days totaled 1,324,010.
AMWL stock dropped -2.27% since last month. On 08/24/23, the company’s shares reached a one-month low of $1.2400. The stock touched a high of $4.39 on 02/03/23, after rallying from a low of $1.24 in 52 weeks. The price of AMWL stock has declined by -54.42% or -$1.5400 this year, reaching a new high 12 times. Still, the stock price is down -70.65% from the 52-week high.
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Insider Transactions
AMWL stock investors should be aware that American Well Corporation (AMWL) stock had its last reported insider trading activity 15 days ago on Sep 05. On Sep 05, Chief Operating Officer Knight Kurt sold 25,866 shares at $1.44 each. This transaction resulted in the insider making $37,260. On Sep 01, Shepardson Robert sold 24,989 shares at a price of US$1.50. After the transaction, the insider now owns 1,033,686 shares. Chief Operating Officer Knight Kurt had earlier sold 18,108 shares on Sep 01 for $1.50 a share. The transaction was completed for $27,135.
Valuation Metrics
Beta for the stock is 0.90. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.31, the price-to-book (PB) ratio of 0.58.
Financial Health
For the three months ended June 29, American Well Corporation’s quick ratio was 4.80, while its current ratio was 4.90, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 40.30% percent. Based on annual data, it had gross profit of $116.77 million and revenue of $277.19 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AMWL’s return on assets (ROA) during the last 12 months has been -61.00%. There was a -25.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -71.70%.
Earnings Surprise
According to American Well Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $62.45 million, while revenues fell by -3.31% to $64.0 million. It was predicted that American Well Corporation’s quarterly earnings would be -$0.33, but it ended up being -$0.22. EBITDA was -$58.8 million for the quarter. At the end of American Well Corporation’s most recent quarter ended June 29, its liabilities totaled 128.49 million, while its total debt was $12.93 million. Equity owned by shareholders amounts to $284.67 million.
Technical Picture
Here’s a quick look at American Well Corporation’s (AMWL) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 36.78%, suggesting the stock is Neutral, with a 107.17% historical volatility rate.
The stochastic %K and %D were 14.11% and 20.52% respectively, while the average true range (ATR) was 0.1006. Based on the 14-day stochastic reading of 7.32%, the RSI (14) reading is 36.67%. On the 9-day MACD Oscillator, the stock is at -0.0256, and the 14-day reading is at -0.0645.
Analyst Ratings
American Well Corporation (NYSE: AMWL) was downgraded by Morgan Stanley to a an Equal-weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned American Well Corporation (AMWL) an Hold rating. AMWL is a stock that is recommended for selling by 0 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is AMWL’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.00 and $4.00, with a median target price of $2.55. In analyzing these forecasts, the average price target given by analysts for American Well Corporation (AMWL) is $2.63.
